Dalian Port to become the largest shareholder of Jinzhou Port

Dalian: Dalian Port Limited announced that its controlling shareholder Dalian Port Group has signed an agreement with another shareholder of Jinzhou Port, Jinzhou Port State-owned Assets Management and Administration Company to take over 3.92% of its shares in Jinzhou Port for RMB275.7m.

After the transaction, Dalian Port will become the largest shareholder of Jinzhou Port.

Dalian Port tried to take over a 5.3% equity in Jinzhou Port in 2012, however, the deal was called off as Dalian Port was accused of insider trading on the deal. [06/01/14]